IRA Qualified Charitable Distribution | Catholic Community Foundation

If you are aged 70½ or older, you have the opportunity to save on taxes and make a Qualified Charitable Distribution from your IRA. With this direct transfer from your traditional IRA to a qualified charity, you satisfy your minimum required distribution for the year. IRA Qualified Charitable Distributions are income tax-free.

Consider an IRA Qualified Charitable Distribution to benefit your parish, Catholic Charities, Priestly Formation, Catholic Education, the Heart of a Shepherd campaign or another ministry of the Diocese of Cleveland.

To learn more about IRA Qualified Charitable Distributions, please contact:

Mary Lou Ozimek
216-696-6525 x4070

Tom and Rose Corrigan

Tom and Rose are lifelong Clevelanders whose focus on family and Catholic education have deep roots. Both attended Catholic grade school and high school. The tradition continues as their daughter in-law is currently pursuing her... Read Story

IRA Qualified Charitable Distributions- Fast Facts

You must be 70 ½ and older
Distributions must be made directly from the IRA to a qualified charity
Your taxable income can be reduced by up to $100,000, the maximum allowable
Only traditional IRA accounts are eligible. The IRA Qualified Charitable Distribution cannot be used with other retirement plans such as a 401(k), 403(b) or a SEP IRA
An IRA QCD can be used to fund a Charitable Gift Annuity in an amount of up to $53,000
An IRA QCD cannot be made to a Donor-Advised Fund

Contact your financial advisor to see if the IRA Qualified Charitable Distribution is a good option for you. Your IRA administrator will likely have a form for you to complete, however, feel free to download a sample request letter. You will need to provide the appropriate Tax Identification Number, as noted below.

For gifts designated for the benefit of Catholic Charities (download sample letter):

Catholic Charities Corporation, Tax ID #34-1318541
c/o Catholic Community Foundation
1404 East Ninth Street, 8th Floor
Cleveland, OH 44114-1722

For gifts designated for the benefit of your parish (download sample letter):

You will need to provide your complete parish name, address and TAX ID# to your IRA administrator. Contact us to obtain this information for your parish.

For gifts designated for the benefit of Catholic Education, Priestly Formation, the Heart of a Shepherd campaign, or other ministries of the Diocese (download sample letter):

Catholic Community Foundation, Tax ID #34-1908579
For the benefit of: (please specify designation)
1404 East Ninth Street, 8th Floor
Cleveland, OH 44114-1722